Armenian GDP up in Q1 2004

RosBusinessConsulting, Russia
May 21 2004

RBC, 21.05.2004, Yerevan 18:09:20.Economic growth of Armenia exceeded
9 percent in January to March 2004, Armenian President Robert Kocharian
told journalists today. According to him, it became possible to achieve
such a good result thanks to the gradual development of all economy
industries. The president said that positive trends would not stop
at that point.

According to preliminary data of the National Statistics Service of
Armenia, GDP growth amounted to 9.3 percent in January to April of
2003 against the same period in 2003. According to the state budget,
the Armenian GDP growth for 2004 was planned to be 7 percent.